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Pastimes : Alan Greenspan MUST GO: -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (196)	7/31/2000 10:45:20 AM
From: BWAC	Respond to of 494

Even worse Greenspan has put the events in motion that have hurt the small long term buy and hold investors. While wishing to reign in the excess speculation of the shoot for the stars hit a home run hype.com gamblers, he has lowered the boom on long term investors in large normal profitable stable companies. He can raise rates to 20% and there will still be the gamblers who buy stuff like CORV up to $30 Billion valuations with zero sales. They don't care. Meanwhile, the long term investors in old line companies will suffer.

To: Scumbria who wrote (196)	7/31/2000 11:07:06 AM
From: Master (Hijacked)	Respond to of 494

This is Greenspan's Perverse Economics 101. I have an unemployed neighbor down the street who's going for a job interview tomorrow. I'll do my part, for the sake of investors, and go slash his tires so as to make sure he misses his interview and doesn't get the job. On the other hand, slashing his tires means he'll have to buy new ones which might spur sales growth in the Tire companies. And sales growth is a definite no-no according to Spammy. Maybe I'll just break my neighbor's legs. Oh no, can't do that either...the medication he will need will increase sales of Pharmaceutical companies. Ok, I'll kill my neighbor so he'll miss his job interview. Wait a minute.....killing him means more sales for the Funeral industry. Oh my God, we can't stop this economy. What do we do? What do we do?